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Why the Recovery Lags

By Robert Samuelson
WASHINGTON -- The logic of the economic recovery isn't working -- or, at any rate, not well. By that logic, over-borrowed Americans would repay loans and replenish depleted savings, creating a temporary drop in consumer spending and economic activity. But once savings increased and debt declined, consumer buying would strengthen. It would replace the Obama stimulus program. Hiring would improve;... (Read Full Article)

Robert Samuelson
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